Tuesday Morning Still Looks Mournful, at Least Compared to Big Lots

Yesterday's semi-annual visit to the dentist was followed by what has become a tradition over the past several years: visits to the Tuesday Morning Corp. (TUES) and Big Lots Inc. (BIG) stores that are both nearby. Unfortunately, Tuesday Morning had other plans; this location is now vacant, the sign removed, one of the 41 stores the company has closed this year. I pondered that very question in a May column -- when will our local Tuesday Morning close? -- and got the answer yesterday.

As the off-price retailer attempts to survive what only can be described as a vicious retail environment, Tuesday Morning also has relocated 52 stores, opened 21 and expanded 13 in an attempt to get into higher traffic areas. Results are mixed so far. While same-store sales were up 1.8% for the most recent quarter, the company missed "consensus" estimates (just one analyst covers the stock) for both revenue ($223.6 million vs. $226.8 million) and earnings (loss of 39 cents a share vs. an expected 28-cent loss)....352 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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